Five Below (FIVE) Announces Earnings Results

Five Below (NASDAQ:FIVE) issued its earnings results on Thursday. The specialty retailer reported $0.24 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.19 by $0.05, Bloomberg Earnings reports. Five Below had a return on equity of 24.58% and a net margin of 8.74%. The business had revenue of $312.82 million during the quarter, compared to analysts’ expectations of $303.54 million. Five Below updated its Q4 guidance to $1.53-1.57 EPS.

Shares of Five Below stock opened at $95.58 on Friday. Five Below has a one year low of $60.00 and a one year high of $136.13. The stock has a market cap of $5.67 billion, a P/E ratio of 46.91, a price-to-earnings-growth ratio of 1.30 and a beta of 0.52.

Get Five Below alerts:

A number of equities research analysts have commented on FIVE shares. BidaskClub upgraded Five Below from a “buy” rating to a “strong-buy” rating in a research report on Friday, August 10th. Zacks Investment Research upgraded Five Below from a “hold” rating to a “buy” rating and set a $124.00 price target on the stock in a research report on Tuesday, August 21st. Dougherty & Co lowered Five Below from a “buy” rating to a “neutral” rating in a research report on Wednesday, September 5th. They noted that the move was a valuation call. MKM Partners upped their price target on Five Below to $132.00 and gave the company a “buy” rating in a research report on Wednesday, September 5th. Finally, Gordon Haskett upgraded Five Below from a “hold” rating to a “buy” rating in a research report on Friday, September 7th. Seven equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus target price of $119.00.

In related news, EVP Michael Romanko sold 3,308 shares of the company’s stock in a transaction dated Monday, September 24th. The stock was sold at an average price of $126.00, for a total transaction of $416,808.00. Following the sale, the executive vice president now owns 18,092 shares in the company, valued at approximately $2,279,592. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Daniel Kaufman sold 3,995 shares of the company’s stock in a transaction dated Tuesday, September 11th. The shares were sold at an average price of $133.18, for a total value of $532,054.10. Following the sale, the director now owns 5,047 shares in the company, valued at approximately $672,159.46. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 19,303 shares of company stock worth $2,346,022. 2.60% of the stock is owned by corporate insiders.

WARNING: “Five Below (FIVE) Announces Earnings Results” was first reported by Watch List News and is the sole property of of Watch List News. If you are reading this report on another domain, it was illegally copied and reposted in violation of international trademark and copyright laws. The correct version of this report can be read at https://www.watchlistnews.com/five-below-five-announces-earnings-results/2670561.html.

Five Below Company Profile

Five Below, Inc operates as a specialty value retailer in the United States. It offers accessories, including novelty socks, sunglasses, jewelry, scarves, gloves, hair accessories, athletic tops and bottoms, and T-shirts, as well as beauty products comprising nail polish, lip gloss, fragrance, and branded cosmetics; and items used to complete and personalize living space, including glitter lamps, posters, frames, fleece blankets, plush items, pillows, candles, incense, lighting, novelty décor, and related items, as well as provides storage options for the customers room.